Mexico Polyurethane Market Size & Outlook, 2022-2030
Mexico polyurethane market, 2018-2030 (US$M)
Related Markets
Mexico polyurethane market highlights
- The Mexico polyurethane market generated a revenue of USD 2,107.0 million in 2022 and is expected to reach USD 2,832.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.8% from 2023 to 2030.
- In terms of segment, electrical & electronics was the largest revenue generating end use in 2022.
- ELECTRICAL & ELECTRONICS is the most lucrative end use segment registering the fastest growth during the forecast period.
Polyurethane market data book summary
| Market revenue in 2022 | USD 2,107.0 million |
| Market revenue in 2030 | USD 2,832.7 million |
| Growth rate | 3.8% (CAGR from 2022 to 2030) |
| Largest segment | Electrical & electronics |
| Fastest growing segment | ELECTRICAL & ELECTRONICS |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PACKAGING, CONSTRUCTION, ELECTRICAL & ELECTRONICS, AUTOMOTIVE, MEDICAL, OTHER END USES |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.0% of the global polyurethane market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. polyurethane market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 2,832.7 million by 2030.
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Polyurethane Market Scope
Polyurethane Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico polyurethane market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to polyurethane market will help companies and investors design strategic landscapes.
Electrical & electronics was the largest segment with a revenue share of 38.15% in 2022. Horizon Databook has segmented the Mexico polyurethane market based on packaging, construction, electrical & electronics, automotive, medical, other end uses covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is expected to benefit from the rising construction spending and growing inclination of consumers toward the utilization of sustainable and lightweight building materials. Moreover, continuous development in key growth areas such as electronics & appliances, packaging, and furniture & interiors is expected to boost product demand over the forecast period.
Significant opportunities in specialized products especially lightweight materials used in electronics & appliances coupled with the expanding automotive sector on account of rising adoption of electric vehicles are also anticipated to have a positive impact on polyurethane market in the country.
The demand for electric vehicles in Mexico is likely to be driven by the government’s initiatives to decarbonize the country’s transport sector and several incentives related to the purchase of zero emission vehicles (ZEVs).
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Our clientele includes a mix of polyurethane market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico polyurethane market , including forecasts for subscribers. This country databook contains high-level insights into Mexico polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico polyurethane market size, by end use, 2018-2030 (US$M)
Mexico Polyurethane Market Outlook Share, 2022 & 2030 (US$M)
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